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HAWXvsTIERETF Comparison

ETF 1
HAWX

iShares Currency Hedged MSCI ACWI ex U.S. ETF

This fund is part of
Global Blended Cap
+0.31%
VS
ETF 2
TIER

T. Rowe Price International Equity Research ETF

This fund is part of
Global Blended Cap
+0.31%

iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and T. Rowe Price International Equity Research ETF (TIER) belong to the same industry segment: Global Blended Cap. Both ETFs have the same top 3 sector exposures: Finance, Technology and Industrials. HAWX is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.38% for TIER. HAWX is up 13.54% year-to-date (YTD) with +$17M in YTD flows. TIER performs worse with 10.05% YTD performance, and +$116M in YTD flows. Run a side-by-side ETF comparison of HAWX and TIER below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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HAWX vs TIER performance and flow charts

Performance

-4.0-3.0-2.0-1.00.0%Sep 23Sep 30Oct 7Oct 14Oct 21

Cumulative Flows

02,000,0004,000,0006,000,0008,000,00010,000,00012,000,00014,000,000Sep 23Sep 30Oct 7Oct 14Oct 21

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 10/26/2026
1M3MYTD1Y3Y5Y
Perf.
HAWX
TIER
-3.24%-4.47%
-1.61%-1.54%
+13.54%+10.05%
+15.68%+13.41%
+81.47%n/a
+76.15%n/a
Flows
HAWX
TIER
+$13M-
+$11M+$107M
+$17M+$116M
+$28M+$125M
+$54M-
+$117M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
HAWX
TIER
+11.75%+13.86%
+15.11%+17.22%
+13.59%n/a
+13.89%n/a
Max drawdown
HAWX
TIER
-5.07%-6.35%
-9.30%-12.14%
-13.76%n/a
-17.33%n/a
Max drawdown duration
HAWX
TIER
74d46d
50d69d
51dn/a
573dn/a
Trading data

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HAWX
TIER
Last sale
10/27/2026 at 1:30 PM
$44.76
$31.37
Previous close
10/26/2026
$44.37
$31.11
Consolidated volume
10/26/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of September 30, 2026
1-year trailing difference

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TIER
is actively managed and doesn’t replicate an index

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HAWX
TIER
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
HAWX
TIER
Last price
$44.76
$31.37
1D performance
+0.88%
+0.83%
AuM$349.93 M$134.85 M
E/R0.7%0.38%
Characteristics
HAWX
TIER
Management strategyPassiveActive
ProvideriSharesT. Rowe Price
BenchmarkMSCI ACWI ex USA Index-
N° of holdings1391
Asset classEquities-
Trailing 12m distribution yield
Join
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Inception dateJune 29, 2015June 25, 2025
ESGNoNo
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Exposure

Countries

HAWX
Japan
14.01%
Taiwan
9.02%
Canada
8.14%
United Kingdom
8.1%
Other
60.73%
TIER
Japan
14.98%
United Kingdom
9.32%
Taiwan
9.12%
Canada
8.18%
Other
58.4%

Sectors

HAWX
Finance
26.99%
Technology
22.65%
Industrials
11.88%
Non-Energy Materi.
7.83%
Other
30.65%
TIER
Finance
27.18%
Technology
23.16%
Industrials
12.22%
Non-Energy Materi.
8.09%
Healthcare
7.1%
Other
22.25%
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Diversification

HAWX

Total weight of top 1 holdings out of 1

99.99%
TIER

Total weight of top 15 holdings out of 15

19.99%

Top 15 holdings

Data as of August 31, 2026
HAWX
US4642882405
99.99%
TIER
Taiwan Semiconductor Manufacturing Co., Ltd.
3.24%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.22%
Samsung Electronics Co., Ltd.
1.84%
ASML Holding NV
1.81%
SK hynix, Inc.
1.74%
Tencent Holdings Ltd.
1.13%
BHP Group Ltd.
0.99%
AstraZeneca PLC
0.95%
Alibaba Group Holding Ltd.
0.92%
HSBC Holdings Plc
0.90%
Roche Holding AG
0.89%
Royal Bank of Canada
0.88%
Siemens AG
0.83%
SAP SE
0.82%
Novartis AG
0.82%
Frequently asked questions about HAWX and TIER

How have the HAWX and TIER ETFs performed in 2026?

As of October 26, 2026, HAWX is up 13.54% year-to-date (YTD), while TIER has returned 10.05%. That puts HAWX better performer ahead so far this year.

Which ETF is attracting more investor money: HAWX or TIER?

Year-to-date, the HAWX ETF saw +$17M in flows, compared to +$116M for TIER.

Which ETF is more volatile: HAWX or TIER?

Over the past year, HAWX had a volatility of 15.11%, while TIER experienced 17.22%.

Which ETF is bigger: HAWX or TIER?

As of October 26, 2026, HAWX holds $349.93 M in assets under management (AUM), while TIER manages $134.85 M.

What sectors do the HAWX and TIER ETFs invest in?

HAWX leans toward sectors like Finance, Technology and Industrials. Meanwhile, TIER focuses on Finance, Technology and Industrials.

What are the top holdings of the HAWX ETF and TIER ETF?

HAWX top holdings include US4642882405. TIER holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and Samsung Electronics Co., Ltd..

Which ETF is more diversified: HAWX or TIER?

HAWX holds 1856 securities with 99.99% of its assets in the top 15. TIER has 395 securities and a top 15 weight of 19.99%.

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